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Oil flows shift as Trump raises Hormuz concerns
April 10th, 2026 - 12:05 GMT
Osama Ali

Osama Ali

Oil flows shift as Trump raises Hormuz concerns

ALBAWABA - As rising tensions continue to disrupt international energy markets, U.S. President Donald Trump has cautioned Iran against charging tolls to ships traveling through the Strait of Hormuz. The alert comes after rumors that Tehran would impose fees on oil tankers passing through the vital canal, which could put more pressure on already precarious supply routes. Global oil prices have sharply increased as a result of the ongoing turmoil ...
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A weaker pound and euro would hit the UAE hardest of the Gulf economies due to its large tourism and real estate sectors. (Shutterstock)
July 3rd, 2016 - 05:43 GMT

Brexit: Pros and cons for the GCC

The agreement grants Iraq a one-year grace period and a total of 8 1/2 years to pay for military purchases.  (Twitter)
June 30th, 2016 - 01:00 GMT

US extends $2.7B military finance credit to Iraq

Debit cards for accounts in foreign currency can still be used abroad up to a limit of $100,000 as per a 2014 directive. (File photo)
June 30th, 2016 - 12:00 GMT

Egypt: Foreign currency crisis prompts ban on use of debit cards overseas

The contract comes shortly after Italian shipbuilder Fincantieri won a bid to supply the Qatari navy with seven new vessels.  (Gadget Style)
June 30th, 2016 - 11:00 GMT

Qatar awards MBDA Italia $1.1B missile contract

The merger is part of Abu Dhabi economic reforms which commenced in 2001. (Erem News)
June 30th, 2016 - 10:00 GMT

Abu Dhabi's Mubadala, IPIC investment funds to merge

More than 2.5 million Brits were planning trips to Turkish resorts this year.  (AFP/Ozan Kose)
June 30th, 2016 - 09:00 GMT

Istanbul Airport attack: Another strike against Turkey's crippled tourism industry

PDO Managing Director said the money raised will help to finance business plans, as well as create more jobs and training opportunities for Omanis. (PDO)
June 30th, 2016 - 07:00 GMT

Petroleum Development Oman raises $4B for project financing

UAE Minister of Economy and General Civil Aviation Authority Chairman Sultan Bin Saeed Al Mansouri said on May 30 the UAE had reached a “gentleman’s agreement” to discuss the allegations with the US. (File photo)
June 30th, 2016 - 06:15 GMT

Airline subsidy row: Etihad not invited to participate in US meeting

Italy has repeatedly complained that Egyptian authorities have not cooperated to find those responsible for the 28-year-old student's death. (File photo)
June 30th, 2016 - 05:44 GMT

Italy suspends aviation supplies to Egypt over Regeni murder investigation

Hassan Nasrallah claims that US sanctions will be ineffective because of Hezbollah's secure, direct income from Iran and not through Lebanese banks. (File photo)
June 30th, 2016 - 04:53 GMT

US urges Iran to stop Hezbollah funding

This transaction constitutes the third investment of EuroMena III after its recent investment in Elephant in Nigeria and Jasmin in Tunisia. (The Daily Star)
June 29th, 2016 - 12:00 GMT

Credit Libanais gets $20M EuroMena Fund injection

The recovery for crude oil prices comes as economic leaders meet in Portugal to review coordinated monetary policies in the globalized world. (Shutterstock)
June 29th, 2016 - 11:00 GMT

Oil prices inch up slowly after post-Brexit plunge

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